Risk to UK businesses at highest level in past decadeStaff writer ▼ | December 15, 2015
Companies face the highest level of risk in a decade because of factors including terror attacks and China's economic slowdown, a report shown.
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Threats include the strengthening of the so-called Islamic State (IS) and uncertainty over China's ability to adapt to slower growth.
Chinese authorities face difficult questions over how to handle a slowdown in annual growth to 6%, according to the report. But Mr Fenning said he did not think the country would suffer a "hard landing" as it continues to shift from a manufacturing-led to a consumer-led economy.
He told the BBC's Today programme: "I think President Xi and the senior echelons of the Chinese leadership are the most competent group of people to be running that country, probably ever.
Other risks include a possible exit by Britain from the EU, known as a "Brexit", and political tensions in the Middle East, Fenning said. ■